Uranium Demand on the Rise as China Plans to Build as Much as 100 Reactors Over the Next Twenty Years
August 23 2012 - 8:20AM
Marketwired
The Fukushima disaster of last year delivered a crippling blow to
the Uranium Industry, as both uranium stocks and prices plummeted.
Uranium prices are currently around $50 a pound, roughly 50 percent
lower since the disaster. More than a year after the incident the
Uranium Industry may finally be on the road to recovery on renewed
demand from China. The Paragon Report examines investing
opportunities in the Uranium Industry and provides equity research
on Cameco Corporation (NYSE: CCJ) (TSX: CCO) and Denison Mines
Corp. (NYSE: DNN) (TSX: DML).
Access to the full company reports can be found at:
www.ParagonReport.com/CCJ
www.ParagonReport.com/DNN
China currently has 14 nuclear reactors operating with a
capacity to produce 11.8 gigawatts. By 2015 the country has plans
to expand their nuclear-power generating capacity to 40 gigagwatts
as they begin to shift away from coal. According to a recent Wall
Street Journal article over the next twenty years China could build
as many as 100 nuclear reactors.
A report, commonly known as the Red Book, from the Organization
for Economic Cooperation and Development nuclear energy agency and
the International Atomic Energy Agency states that uranium demand
is expected to continue to grow for the "foreseeable future."
According to the report, by 2035 annual reactor-related uranium
requirements is projected to increase from 63,875 mt to between
98,000 mt and 136,000 mt.
Paragon Report releases regular market updates on the Uranium
Industry so investors can stay ahead of the crowd and make the best
investment decisions to maximize their returns. Take a few minutes
to register with us free at www.ParagonReport.com and get exclusive
access to our numerous stock reports and industry newsletters.
Cameco is one of the world's largest uranium producers. The
company's uranium products are used to generate electricity in
nuclear energy plants around the world. The company recently
reported that uranium revenues in the second quarter were down 20
percent compared to 2011, due to a 16 percent decrease in sales
volumes and a 5 percent decrease in the $CAD realized selling
price.
Denison Mines is a uranium exploration and development company
with interests in exploration and development projects in
Saskatchewan, Zambia and Mongolia. As well, Denison has a 22.5%
ownership interest in the McClean Lake uranium mill, located in
northern Saskatchewan, which is one of the world's largest uranium
processing facilities.
The Paragon Report has not been compensated by any of the
above-mentioned publicly traded companies. Paragon Report is
compensated by other third party organizations for advertising
services. We act as an independent research portal and are aware
that all investment entails inherent risks. Please view the full
disclaimer at:
http://www.paragonreport.com/disclaimer
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